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How people get ahead
We're often told that success is only the result of hard work. But it often seems that those who succeeded had an unfair advantage over their competitors.
We all have our own set of unfair advantages we can use to succeed. The book, The Unfair Advantage: How You Already Have What It Takes to Succeed starts with the premise that life is fundamentally unfair. When we're looking at successful people, they did not only work hard but there were also other things that played a role, such as luck, circumstances, privilege, etc.
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Location and luck
Ray Kroc, the pioneer of McDonald's once said. "The two most important requirements for major success are: first, being in the right place at the right time, and second, doing something about it."
- The right ...
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Advantages that are easy to use to your benefit
- Money. Evan Spiegel is the billionaire co-founder of Snapchat grew up in a multimillion-dollar house with well-connected parents.
- Intelligence and insight. The Collison brothers co-founded Stripe which became a multi-billion dollar payments processi...
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You can turn your disadvantage into an advantage
- Having a little money. Many people start off with having little money. But having little money makes you more creative and adds to your drive to succeed.
- A growth mindset (instead of a fixed mindset.) Our abilities aren't fixed. We can grow. Everythi...
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Education and expertise
Having a fancy degree from a prestigious university probably is an unfair advantage, but people increasingly care less about where you went to university and more about what you've been doing and what skills you can bring to the table.
Our value comes more from our expertise. And that is s...
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Life isn't a level playing field
Everyone has different strengths and weaknesses. We all have our own unfair advantages in our own ways that can give us a competitive edge.
We can find out what our unfair advantages are using the MILES framework.
- Money
- I...
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Losing an advantage
Five things contribute to the gravitational pull of competitive advantages:
- Being right instills too much confidence that you can’t be wrong. But the outlier success will have competitors chasing them and threaten to overtake you.
- Success tends to lead to growth. But a big o...
Types of people
Category 1: Losers
People who always see negative in everything and put in the least amount of effort or no effort at all. They are least bothered about what is happening around them. They will only crib and complain about how the world is. They will say someth...
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